Instructions
- Solve each problem carefully. Show your work for questions that require more than one step.
- Use a dollar sign and two decimal places for money answers when appropriate.
- You may use a calculator after estimating your answer.
- Complete the Budget Planner table in Section 3.
- Try the optional challenge questions when you finish.
Learning Goals
You will practice:
- Adding, subtracting, multiplying, and dividing money amounts.
- Finding discounts, tax, and totals.
- Comparing prices and making spending decisions.
- Creating and following a simple budget.
Section 1: Warm-Up Calculations
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A notebook costs $3.75 and a pen costs $1.25. What is the total cost?
Answer: __
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You have $20.00 and spend $8.65. How much money remains?
Answer: __
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Four sandwiches cost $6.50 each. What is the total cost?
Answer: __
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Eight friends share a $48.00 restaurant bill equally. How much does each person pay?
Answer: __
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Estimate the total cost of a $9.82 water bottle and a $4.19 snack. Round each price to the nearest dollar before adding.
Estimate: __
Section 2: Discounts, Tax, and Tips
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A backpack costs $40.00 and is on sale for 25% off. How much is the discount?
Answer: __
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Using question 6, what is the sale price of the backpack before tax?
Answer: __
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A meal costs $18.00. The sales tax is 5%. How much is the tax?
Answer: __
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Using question 8, what is the total cost of the meal including tax?
Answer: __
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A $32.00 service receives a 15% tip. How much is the tip?
Answer: __
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Using question 10, what is the total cost including the tip?
Answer: __
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A pair of shoes originally costs $72.00. The store offers a 30% discount. Which is the better deal?
- Deal A: 30% off $72.00
- Deal B: $20.00 off $72.00
Show your work and explain your answer.
Section 3: Budget Planner
A student has $60.00 to spend during a weekend trip. Use the information below to plan spending without going over the budget.
Example row: One snack costs $3.00, the student buys 2, and the total is $6.00.
| Item | Cost per item | Quantity | Total cost |
|---|---|---|---|
| Example: Snack | $3.00 | 2 | $6.00 |
| Breakfast | $7.50 | ||
| Bus rides | $2.25 | ||
| Museum ticket | $12.00 | ||
| Lunch | $9.75 | ||
| Souvenir | $8.50 | ||
| Grand total |
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If the student buys 1 breakfast, 4 bus rides, 1 museum ticket, 1 lunch, and 1 souvenir, what is the grand total?
Answer: __
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How much money remains from the $60.00 budget?
Answer: __
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The student wants to buy two souvenirs instead of one. Can the student still stay within the budget? Explain.
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Which item uses the greatest amount of the budget? How do you know?
Answer: __
Section 4: Real-World Decision Making
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Store A sells a 6-pack of juice for $4.80. Store B sells a 10-pack for $7.50. Which store has the lower cost per juice? Show the cost per juice for both stores.
Store A: __
Store B: __
Better value: __
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You need to save $150.00 in 6 weeks. If you save the same amount each week, how much should you save per week?
Answer: __
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You earn $45.00 for helping at home. You decide to save 40% and spend the rest. How much do you save, and how much can you spend?
Saved: __
Available to spend: __
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You have $25.00 for lunch supplies. You buy bread for $4.50, fruit for $6.25, cheese for $5.75, and drinks for $3.60. Do you have enough money? How much remains or how much more is needed?
Show your work:
Answer: __
Optional Challenge
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A jacket costs $80.00. It is discounted by 20%, and then 6% tax is added to the sale price. What is the final cost?
Answer: __
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You have $100.00. You spend 35% on food and 25% on transportation. What percentage remains, and how much money is that?
Answer: __
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Create your own three-item budget totaling less than $50.00. Include the item, price, quantity, and total cost.
| Item | Price per item | Quantity | Total cost |
|---|---|---|---|
Answer Key
- $5.00
- $11.35
- $26.00
- $6.00
- About $14.00
- $10.00
- $30.00
- $0.90
- $18.90
- $4.80
- $36.80
- Deal A is better. Thirty percent of $72.00 is $21.60, so Deal A costs $50.40. Deal B costs $52.00. Deal A saves an additional $1.60.
- Breakfast: $7.50; bus rides: $9.00; museum ticket: $12.00; lunch: $9.75; souvenir: $8.50. Grand total: $46.75.
- $13.25
- Yes. Two souvenirs cost $17.00. The new grand total is $55.25, leaving $4.75.
- The museum ticket costs the most at $12.00.
- Store A: $4.80 ÷ 6 = $0.80 per juice. Store B: $7.50 ÷ 10 = $0.75 per juice. Store B is the better value.
- $25.00 per week
- Saved: $18.00. Available to spend: $27.00.
- Total spent: $20.10. Yes, there is enough money. Amount remaining: $4.90.
Optional Challenge Answers
- Twenty percent of $80.00 is $16.00. Sale price: $64.00. Six percent tax is $3.84. Final cost: $67.84.
- Thirty-five percent plus 25% equals 60%, so 40% remains. Forty percent of $100.00 is $40.00.
- Answers will vary. The three-item total must be less than $50.00, and each total should equal price per item multiplied by quantity.